Analysts Set MoneyLion Inc. (NYSE:ML) Target Price at $100.00

Shares of MoneyLion Inc. (NYSE:ML) have been given a consensus rating of “Buy” by the eight research firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $100.00.

Several equities analysts have recently weighed in on the stock. Lake Street Capital reiterated a “hold” rating and set a $82.00 price objective (down previously from $109.00) on shares of MoneyLion in a report on Wednesday, December 11th. Northland Capmk raised MoneyLion to a “strong-buy” rating in a research note on Wednesday, October 16th. Needham & Company LLC reissued a “hold” rating and issued a $100.00 price objective on shares of MoneyLion in a research note on Wednesday, December 11th. Cantor Fitzgerald raised MoneyLion to a “strong-buy” rating in a research report on Thursday, October 3rd. Finally, Oppenheimer raised shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price target for the company in a research report on Thursday, November 7th.

Insider Buying and Selling

In other MoneyLion news, insider Adam Vanwagner sold 6,165 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $70.00, for a total value of $431,550.00. Following the completion of the sale, the insider now directly owns 103,133 shares of the company’s stock, valued at approximately $7,219,310. This represents a 5.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Timmie Hong sold 2,504 shares of MoneyLion stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $48.35, for a total transaction of $121,068.40. Following the transaction, the insider now directly owns 103,353 shares in the company, valued at approximately $4,997,117.55. This represents a 2.37 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 113,632 shares of company stock worth $9,428,405. 11.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Divisadero Street Capital Management LP bought a new stake in shares of MoneyLion during the 2nd quarter worth $13,427,000. Bank of Montreal Can increased its holdings in MoneyLion by 2,060.1% during the second quarter. Bank of Montreal Can now owns 103,470 shares of the company’s stock worth $7,864,000 after buying an additional 98,680 shares during the last quarter. Driehaus Capital Management LLC raised its position in MoneyLion by 77.1% in the second quarter. Driehaus Capital Management LLC now owns 221,488 shares of the company’s stock worth $16,288,000 after acquiring an additional 96,433 shares during the period. Renaissance Technologies LLC boosted its stake in MoneyLion by 64.2% in the second quarter. Renaissance Technologies LLC now owns 214,129 shares of the company’s stock valued at $15,747,000 after acquiring an additional 83,700 shares during the last quarter. Finally, Marshall Wace LLP grew its position in shares of MoneyLion by 24.1% during the 2nd quarter. Marshall Wace LLP now owns 240,352 shares of the company’s stock valued at $17,675,000 after acquiring an additional 46,611 shares during the period. Hedge funds and other institutional investors own 31.43% of the company’s stock.

MoneyLion Stock Up 0.7 %

Shares of ML stock opened at $86.79 on Friday. MoneyLion has a 52 week low of $36.65 and a 52 week high of $106.82. The firm has a 50 day moving average of $78.64 and a 200-day moving average of $62.33. The company has a market cap of $963.37 million, a price-to-earnings ratio of 394.50 and a beta of 3.08.

About MoneyLion

MoneyLion Inc, a financial technology company, provides personalized products and financial content for American consumers. The company's platform offers access to banking, borrowing, and investing solutions for customers. Its principal products include RoarMoney, an insured digital demand deposit account; Instacash, a cash advance product that gives customers early access to their recurring income deposits; Credit Builder Plus membership program; MoneyLion Investing, an online investment account that offers access to separately managed accounts invested based on model exchange-traded fund portfolios; Roundups, which provides features designed to encourage customers to establish good saving and investing habits; and MoneyLion Crypto, an online cryptocurrency account.